Traders Just Put $900 Million of Call Premium Behind Tesla Before the Cyber Cab Reveal
Options desks said short-dated call buying signaled bullish expectations, though dealers and hedging can make the flow look stronger than it is.
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evshift.comTraders Just Put $900 Million of Call Premium Behind Tesla Before the Cyber Cab Reveal
Nine hundred million dollars in call premium flooded into Tesla before the Cybercab reveal, and options desks called the flow notably bullish. What traders rarely tell you is why that kind of positioning usually misleads the people following it most closely.
The expectation was huge for the presentation of the cybercab (the Tesla robotáxi) considering that two million views on social network X (old Twitter) for the event were counted. But this did not happen. At least to the public. The reason? The event was private after all. Actions closed to climb 5.4% in the close of the session on Thursday 3rd of September but fall 1.6% in pre-market this Friday 4th of September.
Tesla Cybercab Launches With Closed Event, Surprising Some Fans
Tesla, which traded up sharply on Thursday ahead of an upcoming launch event, fell back on Friday after the event was received with disappointment by investors.
Tesla reinforces the bet on autonomous driving with the presentation of Cybercab, a vehicle without steering wheels or pedals designed to integrate its robotics network. What's next? Listen to the new episode of the Economy day by day, daily podcast of the Express conducted by Juliana Simões
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